An Original Microgrid Business Model Determines an Imminent New Asset Market

Bibliographic Details
Main Author:	deSa, Michael E.
Language:	English
Published:	Case Western Reserve University Doctor of Management / OhioLINK 2016
Subjects:	Energy Systems Design business models systematic risk microgrid energy entrepreneurial management
Online Access:	http://rave.ohiolink.edu/etdc/view?acc_num=casedm1568628001000343

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spelling	ndltd-OhioLink-oai-etd.ohiolink.edu-casedm15686280010003432021-08-03T07:12:54Z An Original Microgrid Business Model Determines an Imminent New Asset Market deSa, Michael E. Energy Systems Design business models systematic risk microgrid energy entrepreneurial management In spite of a distinct global demand for microgrid energy, companies receive limited investments. First, we examine in a qualitative study of 21 microgrid firms and 21 investors the determinants of each other’s business logic. Second, we use a sample of 118 publicly listed companies from 1991–2015 in a quantitative finance study to estimate our original microgrid business model’s systematic risk, relative time-variation and cyclicality effects from macroeconomic variables. Our original microgrid business model suggested three components in the value chain: electricity supply, last mile1 electrical business services provided to the microgrid user community, and the monetization of community user intelligent power data 2analysis through product and service providers. The findings indicate 1) that private capital investors have a limited understanding of the microgrid business logic caused by translation incoherence, different mental models, and weak social networks inherent within microgrid management; 2) that the microgrid business model retains two additional unrecognized value-chains of intelligent power data and electrical business services; 3) our microgrid business model has significantly lower systematic risk relative to renewable energy firms; 4) during the 2008–2015 economic crisis cycle, our microgrid business model’s systematic risk declined significantly while that for industrials increased significantly; and 5) industrial betas generate significant multivariate regression results against 90-day treasury bills (T-bills).This study exemplifies that our suggested microgrid business model has valuable implications for entrepreneurial management competencies, institutional investors that depend on systematic risk evidence for investment decisions and CEOs of utilities, industrials, renewable energy that are expanding into microgrids. 1 The last mile is the end link between consumers and connectivity and has proved to be disproportionately expensive to solve.2 Power data analytics is consumer electricity usage translated into social profile preferences and monetized.------------------------------------------------------------------------------------------------------------------------------------------------------ 2016 English text Case Western Reserve University Doctor of Management / OhioLINK http://rave.ohiolink.edu/etdc/view?acc_num=casedm1568628001000343 http://rave.ohiolink.edu/etdc/view?acc_num=casedm1568628001000343 unrestricted This thesis or dissertation is protected by copyright: all rights reserved. It may not be copied or redistributed beyond the terms of applicable copyright laws.
collection	NDLTD
language	English
sources	NDLTD
topic	Energy Systems Design business models systematic risk microgrid energy entrepreneurial management
spellingShingle	Energy Systems Design business models systematic risk microgrid energy entrepreneurial management deSa, Michael E. An Original Microgrid Business Model Determines an Imminent New Asset Market
author	deSa, Michael E.
author_facet	deSa, Michael E.
author_sort	deSa, Michael E.
title	An Original Microgrid Business Model Determines an Imminent New Asset Market
title_short	An Original Microgrid Business Model Determines an Imminent New Asset Market
title_full	An Original Microgrid Business Model Determines an Imminent New Asset Market
title_fullStr	An Original Microgrid Business Model Determines an Imminent New Asset Market
title_full_unstemmed	An Original Microgrid Business Model Determines an Imminent New Asset Market
title_sort	original microgrid business model determines an imminent new asset market
publisher	Case Western Reserve University Doctor of Management / OhioLINK
publishDate	2016
url	http://rave.ohiolink.edu/etdc/view?acc_num=casedm1568628001000343
work_keys_str_mv	AT desamichaele anoriginalmicrogridbusinessmodeldeterminesanimminentnewassetmarket AT desamichaele originalmicrogridbusinessmodeldeterminesanimminentnewassetmarket
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An Original Microgrid Business Model Determines an Imminent New Asset Market

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